7,635 Logitech International S.A. $LOGI Shares Bought by Vest Financial LLC

Vest Financial LLC boosted its stake in shares of Logitech International S.A. (NASDAQ:LOGI) by 53.7% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 21,856 shares of the technology company’s stock after buying an additional 7,635 shares during the quarter. Vest Financial LLC’s holdings in Logitech International were worth $2,207,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Strengthening Families & Communities LLC purchased a new position in Logitech International in the third quarter valued at about $44,000. MassMutual Private Wealth & Trust FSB purchased a new stake in shares of Logitech International during the 3rd quarter worth approximately $64,000. Fifth Third Bancorp increased its stake in shares of Logitech International by 19.1% during the 1st quarter. Fifth Third Bancorp now owns 903 shares of the technology company’s stock worth $82,000 after purchasing an additional 145 shares during the last quarter. Rockefeller Capital Management L.P. increased its stake in shares of Logitech International by 15.3% during the 4th quarter. Rockefeller Capital Management L.P. now owns 861 shares of the technology company’s stock worth $86,000 after purchasing an additional 114 shares during the last quarter. Finally, Integrated Wealth Concepts LLC purchased a new position in Logitech International in the second quarter valued at approximately $115,000. Hedge funds and other institutional investors own 45.76% of the company’s stock.

Logitech International Price Performance

Logitech International stock opened at $109.66 on Friday. Logitech International S.A. has a one year low of $83.32 and a one year high of $129.66. The business has a fifty day moving average price of $101.64 and a 200-day moving average price of $103.01. The firm has a market capitalization of $16.08 billion, a P/E ratio of 20.12, a PEG ratio of 4.19 and a beta of 1.14.

Logitech International (NASDAQ:LOGI) last issued its earnings results on Tuesday, July 28th. The technology company reported $1.85 EPS for the quarter, topping the consensus estimate of $1.26 by $0.59. Logitech International had a return on equity of 37.30% and a net margin of 16.28%. The business had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.20 billion. During the same quarter last year, the company earned $1.26 EPS. The firm’s revenue was up 7.0% compared to the same quarter last year. Sell-side analysts expect that Logitech International S.A. will post 5.14 earnings per share for the current fiscal year.

Insider Transactions at Logitech International

In other Logitech International news, insider Samantha Harnett sold 16,265 shares of the firm’s stock in a transaction on Friday, September 11th. The shares were sold at an average price of $101.35, for a total value of $1,648,457.75. Following the completion of the transaction, the insider directly owned 37,097 shares of the company’s stock, valued at $3,759,780.95. This trade represents a 30.48% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.15% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

LOGI has been the subject of several research reports. Wall Street Zen raised Logitech International from a “hold” rating to a “buy” rating in a report on Saturday. Barclays lowered their target price on Logitech International from $105.00 to $101.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 29th. JPMorgan Chase & Co. dropped their price target on Logitech International from $102.00 to $94.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 13th. Bank of America downgraded Logitech International from a “neutral” rating to an “underperform” rating and set a $86.00 price target for the company. in a research note on Tuesday, June 30th. Finally, Weiss Ratings raised Logitech International from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, October 8th. Three research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Logitech International presently has a consensus rating of “Hold” and a consensus price target of $104.14.

Logitech International Profile

Logitech International designs and manufactures hardware and software that connect people to digital devices and support communication, collaboration, content creation and gaming. Its products are sold under the Logitech brand and are used by consumers, businesses, educators, gamers and other professional users worldwide.

The company’s portfolio includes computer mice and keyboards, webcams, headsets, microphones, speakers, video-conferencing systems, presentation tools and gaming peripherals.